Repo companies don't just throw up their hands, say, "well, I guess that's that" and quit. They'll keep after you. If that fails, then the finance company will simply take you to court, and you will lose that one - the car doesn't belong to you - it belongs to the lien holder.
yes he can
You go the the loan holder and hand over the key or the repo man knocks on your door and you hand over your keys peacefully.
You go the the loan holder and hand over the key or the repo man knocks on your door and you hand over your keys peacefully.
No. You can not be pulled over or forced out of your vehicle during a repossession. It has to, by law, be accomplished "peacably."
Repo agents aren’t allowed to ”break the peace”. By simply confronting or sitting inside your vehicle, they will be unable to tow. This doesn’t mean law enforcement won’t be called in which case you may possibly have to turn over the car, usually depending on your states laws.
Yes
Yes.
No one has the right to enter your property to repo a vehicle. I your vehicle is out in the street, then its fair game. If you see the repo man coming but has not hooked up to your vehicle, you legally still have possession of the vehicle. Once the vehicle has made contact with the truck the vehicle belongs to him.
NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.
yes
Call the repo guys OR the lender.
hand over hand